The Enigma of the Textbook Valuation Model: A Note

Document Type

Article

Publication Date

3-1-1997

Abstract

Many corporate finance textbooks pursue instructional convenience in the way that they present general asset valuation formulae. This article offers two extended versions of the model. Finance instructors as well as textbook authors could use these extended versions of the standard textbook formulae at the advanced undergraduate and/or lower graduate levels.

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